During your divorce, you will be faced with various tax issues and it is important that you explore those issues with an appropriate professional before you start to negotiate your final divorce settlement.

Spouses who get divorced will have to adjust how they file their taxes, what income and liabilities they must report for tax purposes, and even how they approach discussions about alimony and spousal support.

The anticipated outcome of the adoption of the increased income threshold is to reduce litigation about the amount of maintenance to be paid by simply applying the statutorily mandated calculation to more individuals with a much higher annual income.

If you are currently going through a high net worth divorce, you need to take care to not let your emotions get the best of you and push you to make a potentially terrible decision that seriously affects your future.